News

Yum! announces 19 percent dividend increase

September 14, 2010

After reaching a 52-week stock price high last week at $46.25, Yum! Brands Inc. has announced that its Board of Directors approved a 19 percent increase in the company’s quarterly dividend. The quarterly cash dividend will increase from $0.21 to $0.25 per share and will be effective with the dividend payment to be distributed Nov. 5, 2010, to shareholders of record at the close of business on October 15, according to a company statement.

“Our first priority for the operating cash we generate is to continue to use a disciplined approach as we reinvest in the global growth opportunities of our business along with our franchise partners,” said CEO David Novak, who also said this dividend increase is the sixth consecutive one since starting the program in 2004.

The Yum! dividend policy continues to target a payout ratio of 35 to 40 percent of annual net income.